TIDAL TR II

Ticker: AVGX CUSIP: 88636J238 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (6)

Value ($000) $7,044 Shares 150,224

Jump Financial, LLC

Value ($000) $378 Shares 8,058

JANE STREET GROUP, LLC

Value ($000) $4,189 Shares 89,332

HOLLENCREST CAPITAL MANAGEMENT

Value ($000) $47 Shares 1,000

BANK OF MONTREAL /CAN/

Value ($000) $21 Shares 425

Larson Financial Group LLC

Value ($000) $4 Shares 79

Institution	Shares	Value ($000)
UBS Group AG	150,224	$7,044
Jump Financial, LLC	8,058	$378
JANE STREET GROUP, LLC	89,332	$4,189
HOLLENCREST CAPITAL MANAGEMENT	1,000	$47
BANK OF MONTREAL /CAN/	425	$21
Larson Financial Group LLC	79	$4

Increased Positions (1)

Optiver Holding B.V.

Value ($000) $537 (+199.2%) Shares 11,450 (+205.7%)

Institution	Prev Shares	Curr Shares	Change
Optiver Holding B.V.	3,746	11,450	+7,704 (+205.7%)

Decreased Positions (3)

GROUP ONE TRADING, L.P.

Value ($000) $55 (-82.2%) Shares 1,164 (-81.8%)

SIMPLEX TRADING, LLC

Value ($000) $255 (+48748.1%) Shares 5,438 (-50.2%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $381 (-18.1%) Shares 8,136 (-16.3%)

Institution	Prev Shares	Curr Shares	Change
GROUP ONE TRADING, L.P.	6,402	1,164	-5,238 (-81.8%)
SIMPLEX TRADING, LLC	10,918	5,438	-5,480 (-50.2%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	9,719	8,136	-1,583 (-16.3%)

Exited Positions (6)

StoneX Group Inc.

Value ($000) $215 Shares 4,491

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $495 Shares 10,325

Belvedere Trading LLC

Value ($000) $236 Shares 4,936

MJT & Associates Financial Advisory Group, Inc.

Value ($000) $7 Shares 155

Value ($000) $67 Shares 1,397

OSAIC HOLDINGS, INC.

Value ($000) $29 Shares 600

Institution	Prev Shares	Prev Value ($000)
StoneX Group Inc.	4,491	$215
RENAISSANCE TECHNOLOGIES LLC	10,325	$495
Belvedere Trading LLC	4,936	$236
MJT & Associates Financial Advisory Group, Inc.	155	$7
CITIGROUP INC	1,397	$67
OSAIC HOLDINGS, INC.	600	$29